The Congress also accused the Modi government of allowing Chinese company Dongfang, which has direct links with the Chinese government and the army, to work on a sensitive project in Jammu and Kashmir...

Rating agency S&P will give credence to reforms in the agriculture and labour markets as well as easing of bad loan stress in the banking sector while deciding the future rating action on India, a...

The Cabinet on Wednesday cleared an ordinance to amend the Insolvency and Bankruptcy Code (IBC) whereby fresh insolvency proceedings will not be initiated for defaults because of the Covid-19 pandemic...

In a bid to give relief to companies defaulting on loans because of the Covid-19 stress, finance minister Nirmala Sitharaman on Sunday said no fresh insolvency will be initiated for one year under the...

The Centre has raised the threshold for invoking insolvency under the Insolvency and Bankruptcy Act, 2017 to Rs 1 crore from the present level of Rs 1 lakh and held out hope that entities facing a fin...

The “evolving” insolvency law is a kind of “Swachhata drive” to clean up non-performing assets as well as put companies in the hands of capable and credible people, according to IBBI chief M. ...

Ess Dee Aluminium Ltd, which had dreamt of reviving three Bengal-based sick units of India Foils a decade ago, has fallen prey to insolvency itself.The National Company Law Tribunal’s Calcutta bench...

Embattled bulk tea producer McLeod Russel has disclosed that it has defaulted in servicing loans worth Rs 1,187.09 crore at the end of the third quarter.In a communication to the stock exchanges, the ...

India-born British businessman Sanjiv Gupta’s Liberty House Group Plc has completed the acquisition of Adhunik Metaliks Ltd and its subsidiary Zion Steel by paying Rs 425 crore to the lenders under ...

The Centre has told the Supreme Court that it is ready to revisit its 2017 proposal to take over the management control of embattled realty firm Unitech and complete its stalled projects to bring reli...